Distressed investors see more opportunities

Turnaround investors are increasingly opting to step in before insolvency to avoid the red tape of acquiring companies out of administration, says a new survey by KPMG

By

Ayesha Javed

Updated: June 15, 2011 9:26 p.m. GMT

Distressed investors are seeing more opportunities for turnaround investments, with many opting to step in before insolvency to avoid the red tape of acquiring companies out of administration, according to new research from KPMG.

The survey of about 60 specialist turnaround investors in the UK found that they had deployed £940m and invested in 73 companies in the past 12 months. About 80% of the distressed investors said that they...